Mealey's (November 20, 2018, 2:26 PM EST) -- NEW YORK — A federal district court did not err in ruling that a penny stock trader violated federal securities law by failing to comply with the necessary registration requirements because the trader failed to show that he was exempt from doing so under Delaware law, a Second Circuit U.S. Court of Appeals panel ruled Nov. 19 (United States SEC v. Edward Bronson, No. 17-2096, 2nd Cir., 2018 U.S. App. LEXIS 32621)....